Promenade Towers / Pooks Hill median real estate price is $211,509, which is less expensive than 90.4% of Maryland neighborhoods and 76.9% of all U.S. neighborhoods.
The average rental price in Promenade Towers / Pooks Hill is currently $2,482, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.5% of Maryland neighborhoods.
Promenade Towers / Pooks Hill is a densely urban neighborhood (based on population density) located in Bethesda, Maryland.
Promenade Towers / Pooks Hill real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Promenade Towers / Pooks Hill neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Promenade Towers / Pooks Hill has a 10.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
People
In a nation where 1 out of every 4 children lives in poverty, the Promenade Towers / Pooks Hill neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Promenade Towers / Pooks Hill neighborhood, where 54.7% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 99.6% of the neighborhoods in America.
Also, one of the most interesting things about the Promenade Towers / Pooks Hill neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 57.6% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.4% of the neighborhoods in America.
Finally, if you're nearing retirement age, or in retirement, the Promenade Towers / Pooks Hill is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 8.7% of retiree-friendly neighborhoods in Maryland, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Maryland. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates.
Occupations
Executives, managers and professionals make up 83.6% of the workforce in the Promenade Towers / Pooks Hill neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 99.6% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Furthermore, the government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Promenade Towers / Pooks Hill neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 13.9% of its workforce, this neighborhood has a greater concentration of government workers than 96.3% of U.S. neighborhoods.
Real Estate
The Promenade Towers / Pooks Hill neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 90.9% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, one of the really unique and interesting things about the look and setting of the Promenade Towers / Pooks Hill neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 88.2% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.9% of all neighborhoods in America.
Modes of Transportation
In the Promenade Towers / Pooks Hill neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 31.0% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.4% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Diversity
Did you know that the Promenade Towers / Pooks Hill neighborhood has more Iranian and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.8% of this neighborhood's residents have Iranian ancestry and 4.0% have Hungarian ancestry.
Promenade Towers / Pooks Hill is also pretty special linguistically. Significantly, 5.4% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Promenade Towers / Pooks Hill neighborhood in Bethesda are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.4% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Promenade Towers / Pooks Hill neighborhood, 83.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 13.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (9.1%), and 5.5% in clerical, assistant, and tech support occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Promenade Towers / Pooks Hill neighborhood is English, spoken by 57.7% of households. Other important languages spoken here include Spanish, Persian, Langs. of India and French.
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Promenade Towers / Pooks Hill neighborhood in Bethesda, MD, residents most commonly identify their ethnicity or ancestry as Irish (12.2%). There are also a number of people of Irania ancestry (11.8%), and residents who report South American roots (11.4%), and some of the residents are also of Asian ancestry (9.4%), along with some German ancestry residents (6.1%), among others. In addition, 38.5% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Promenade Towers / Pooks Hill neighborhood spend between 15 and 30 minutes commuting one-way to work (30.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (53.5%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (8.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
